5. July Diamond Company has the following sales budget for the last six months of 2021 $200,000 August September October November December 160,000 220,000 180,000 200,000 188,000 Historically, the cash collection of sales has been as follows: 65% of sales collected in month of sale 25% of sales collected in month following sale 8% of sales collected in second month following sale 2% of sales uncollectible How much cash should they expect to collect in December